26 C
Jakarta
Thursday, January 18, 2018
JAKARTA (TheInsiderStories) – The Government of Indonesia has received a Rp1.4 trillion (approx. US$112 million) payout from PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan Inc. (NYSE: FCX), as a dividend payment for 2017. This becomes the first payment disbursed since the company suffered three years of losses in a row, according to...
JAKARTA (TheInsiderStories) - Publicly listed construction firm, PT Wijaya Karya Tbk (IDX: WIKA) is ready to offer US$400 million (Rp5.3 Trillion) global IDR bonds (Komodo Bonds) for investors to fund capital expenditure and repay part of its existing borrowings. The company will hold a roadshow on Jan. 16 to 19. Recently,...
JAKARTA (TheInsiderStories) – Indonesia recorded accumulative exports of US$168.73 billion in 2017 and imports of US$156.89 billion, resulting in trade surplus of $11.84 billion, the highest in five years,  Statistic Bureau data showed on Monday (15/1). The trade surplus in 2017 was the highest in the past five years. In 2013, Indonesia...
JAKARTA (TheInsiderStories) - As state-owned port operators are no longer limited in carrying out expansions by region, PT Pelabuhan Indonesia (Pelindo) II or Indonesian Port Company (IPC) plans to enlarge its business across the archipelago. Elvyn Masassya, 47, started his career in 1990 as a credit analyst at state lender PT...
JAKARTA (TheInsiderStories) – Economies of scale are vitally important in the maritime transportation business; sharing of investment among port operators is becoming a norm. Investments are expected to upgrade operations and make them more efficient. The Ministry of State-Owned Enterprises (SOEs) has put in motion a plan to establish a parent...
JAKARTA (TheInsiderStories) - PT Surya Citra Media Tbk (IDX: SCMA), a local media operator announced to raises as much as Rp3.58 trillion (US$267.16 million) from shares issuance without preemptive rights for business expansion and working capital, said the company on Friday (12/1). The unit of PT Elang Mahkota Teknologi Tbk (IDX: EMTK),...
JAKARTA (TheInsiderStories) – The government has announced that the realized investment in industrial sector in 2017 reached US$21.6 billion with total 256 projects, showing the greatest investment level, Minister of Industry Airlangga Hartarto said. Overall, new investment commitments in Indonesia as of Dec. 14, 2017, reached US$42.6 billion, with a total...
JAKARTA (TheInsiderStories) – President Joko Widodo may appoint a new Minister for Social Affairs, replacing Khofifah Indar Parawangsa, who has reportedly tendered her resignation after deciding to run for East Java governor in this year’s regional election. Will this pave the way for the President to carry out a...
JAKARTA (TheInsiderStories) – The Indonesian and Japanese governments have reached an agreement to strengthen cooperation in maritime-related sectors, marking the 60th anniversary of the two countries diplomatic relations. The Coordinating Ministry for Maritime Affairs said in a statement today (Jan 11) that the agreement was reached during the recent visit...
JAKARTA (TheInsiderStories) – PT Pelabuhan Indonesia III (Pelindo III), a state-owned port operator and DP World Limited (Dubai Port) agreed to sign a conditional sale and purchase agreement (CSPA) for 49 per cent shares of PT Terminal Petikemas Surabaya (TPS) on Jan. 12. Repurchase of TPS shares by Pelindo III...

Latest article

President Widodo Installs New Minister, Air Force Chief

JAKARTA (TheInsiderStories) – President Joko Widodo on Wednesday (17/01) installed Idrus Marham as new Minister for Social Affairs, Airforce Chief Marshall Yuyu Sutisna and...

Morning Briefs – Jan 17

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Indonesia to Export LNG to Bangladesh and Pakistan Indonesia,...

Minister Rudiantara: Sharing Economy Resolves Inefficiencies

JAKARTA (TheInsiderStories) – Indonesia has witnessed the rise of ‘sharing economy’ business model over the past five years or so, in particular in areas...

Indonesian Fintech Players Enjoyed Better Ecosystem in 2017

JAKARTA (TheInsiderStories) - Indonesia's financial technology players enjoyed a stronger business growth last year, thanks to a more supportive regulations and a better collaboration...

Idrus Marham Reportedly Appointed as Minister for Social Affairs

JAKARTA (TheInsiderStories) – Secretary General of Golkar Party Idrus Marham has been reportedly appointed by President Joko Widodo as new Minister for Social Affairs, replacing...

Boosting Logistics Efficicency through Sharing Economy

by Henry BL Toruan, PHD What is sharing economy? Sharing economy is a term with a range of meaning including open source, on-line collaboration, file...